let's bring in lizzy burden. what do we know? she has a financial services background, and academic background. it is a delicate time at the moment. we are nearing the end of a tightening cycle. 11 straight hikes so far. this is a replacement at the dovish and. they are battling this out at the hawkish end. megan greene is a regular on bloomberg tv so we have a little bit of an insight. take a listen to a recent interview. megan: the fed and every other central bank would like to think they have distinct tools and tools for financial stability. the price stability includes rate moves and the balance sheet. the fed wants to continue to hike rates while supporting the financial system with tools for stability. the to get blurred at a certain point. financial stability ways on macro stability and therefore price stability. lizzy: you can tell she has concerns on financial stability. it is hawkish given what has happened with credit suisse. tom: her soon-to-be predisaster set a pretty high bar when comes to dovishness. she likely to

lizzy burden will give us the top line. good day. lizzy: good day. be the deciding factor in whether the bank of england hikes in its may meeting. the day was surprisingly strong yesterday, renewing momentum in the private sector. on the back about, a number of economists including goldman changing their course. that said, economists still reckon that you will see the fed print as just a blip. they will see a jump in single digits to date for march because of a long line between behavior and inflation. what will drive this number down is oil and goods. they will focus on service inflation. it will drop from 6.6% in february to 6.4% in march. the prime minister will watch these numbers because his top numbers are harming inflation by the end of the year. the good news is that they say inflation will drop by the end of the year. tom: we will confirm that in the next couple of minutes. lizzy burden with a preview. europe, conference in dublin, bringing together leaders from private and public sectors to discuss the most pressing problems. we will speak

correspondent lizzy burden. good morning.f you look at these numbers what did they tell us before the vle meet? uncomfortable territory for the commission at the may meeting. the unemployment numbers, wage growth numbers, economic activity actually fell but within that, the number of people who are inactive because of being long-term sick is a record high. it puts pressure on to hike again in may. markets have changed their bets. they had been pricing for .76% as the peak in september on monday and now they a 4.82% by september. you can see that on the work function on the terminal. it puts pressure on the government. 348,000 is a number of working days lost because of strike action. 3/5 of that is because of education. it puts pressure to settle these disputes unpaid with the unions. tom: currently a selloff in gilts. yields up basis points at the front end. you have been speaking to the economic secretary of the u.k. treasury andrew griffith. tell me what that conversation evolved. lizzy: in the aftermath of the sale of svb

let's bring in lizzy burden. thank you so much for joining us. 17.3 is extremely high. eak it down for us? lizzy: we knew from the official data that you can't inflation is still in double digits in march and food was driving it. from this latest data, you can see an ever so slight slowdown and grocery sales to 17.3% inflation but it is the 10th straight month it is still double digits. the fastest growing categories are the absolute basics, milk, eggs, cheese, the stuff that everybody has to buy. you can see the way consumers are responding to this is by flocking to their own brand. they are up by sales 46% year on year and you have to ask yourself where these customers go from there? you have to ask yourself what is the bank of england going to do in response? we heard from dave ramsey on friday and he said he is specifically concerned about food price inflation and says the risks of inflation outweigh those of over tightening and you've got markets currently pricing a 5% peak for interest rates by september. what's interesting as when i speak to economists, they say o

joining us is lizzy burden. bloomberg uris will certainly recognize megan green. is on our programs quite frequently. so what do we know about her? >> it's a difficult time for her to join. you've got the doves battling it out against 11 straight rate rises. fortunately as you say she is a regular on bloomberg tv so we do have some insight to her views. she has warned about her concerns about the impacts of tightening monetary policy on the banking system. it's more in the u.s. context but it does give us a clue to her views. she seems to lean more dovish and she's very aware of the interplay between financial and monetary stability which is important in the context of the turmoil around credit suisse and silicon valley bank and she is from a financial services background so it is at the forefront of her mind. manus: does she tip the balance in that graphic we put up on the mpc? >> it would be hard to be more dovish. she has already talked about cutting rates before she leaves the committee. so it seems likely that this will make the committee more hawkish even if

correspondent lizzy burden. how do we expect this trip to unfold?xpect rishi sunak to meet joe biden off air force one and they will have a proper sit-down tomorrow before joe biden makes a speech, then head south of the border to dublin. he is very proud of his irish roots, he will be flaunting them in his run-up to the presidential election in 2024. the backdrop to these commemorations is that power-sharing has not been restored in stormont, despite the progress rishi sunak has made on the brexit deal. joe biden will be lobbying the democratic unionist party to restore power-sharing. rishi sunak's team is likely to lobby for a u.s. trade deal. it still has to be said that the reason these commemorations is that the good friday agreement remains globally a model for peace and reconciliation around the world. even if sunak's deal has not brought the dup back to the table, it has advanced his party in the polls. the gap between conservatives and labour is the narrowest since sunak took office in number 10. the telegraph reports we expect a general el

for more, let's bring in lizzy burden. what exactly do these proposals mean?point is to beef up, as you say. the regulator is giving a new unit that will take on the big tech giant. the definition is firms that have global revenue over 25 billion pounds, or u.k. revenue over one billion pounds. for example, these powers would allow this new unit to hold senior managers at tech firms responsible for meeting information requests. for these firms could have to open up their data to rival search engines. or there would be bigger fines, up to 10% of global revenue. these were first laid out in 2019. at that point, the u.k. was the frontrunner in trying to rein in the power of big tech. but there have been delays since then the eu has brought in its own digital markets act. at this point the u.k. is having to play catch-up. dani: the cbi is having a rough go of it. it seems like scandal after scandal. it was once britain's biggest lobbying group, where they stand? >> it is a difficult moment for cbi. the chancellor jeremy hunt said there is no point engaging with th

joining me is lizzy burden. so, what exactly are the plans? ou remember in 2016, those who wanted to leave the european union argued it is not just about the economy, also about ever and t and if we are free from the shackles of brussels, thousands of rules that have been copied over to the u.k. statute could be got rid of by the end of 2023. this was the government's promise. now, the business and trade secretary has reportedly told exit backing mp's that this is impossible and it will have to be not thousands but hundreds of regulations. this, reported by the brexit backing telegraph newspaper but building on what we already knew. bloomberg reported in november that officials were warning and telling the government this was an unrealistic, unredeemable target. anger those hard-liners in the conservative party who are already angry at rishi sunak about the windsor framework, this new deal in northern ireland, because they saw this as one of the biggest benefits from leaving the eu. dani: in terms of that being untenable? the economy? changing

dani: that is bloomberg's lizzy burden in london. that is it for manus and me, back together again. bloomberg. ♪ i screwed up. mhm. i got us t-mobile home internet. now cell phone users have priority over us. and your marriage survived that? you can almost feel the drag when people walk by with their phones. oh i can't hear you... you're froze-- ladies, please! you put it on airplane mode when you pass our house. i was trying to work. we're workin' it too. yeah! work it girl! woo! i want to hear you say it out loud. well, i could switch us to xfinity. those smiles. that's why i do what i do. that and the paycheck. when i was his age, we had to be inside to watch live sports. but with xfinity, we get the fastest mobile service and can stream down the street or around the block! hey, can you be less sister, more car? all right, let's get this over with. switch to xfinity mobile and get the best price for 2 lines of unlimited. just $30 a line per month. i should get paid more for this. you get paid when you win. from xfinity. home of the 10g network. anna:

lizzy burden with the latest on the data in the u.k.ames for earnings this week scheduled to give us results. what we can expect right here on bloomberg. ♪ manus: europe's earnings season goes into full swing this week. heineken, asml and nokia among some of the biggest names scheduled to release results. what should investors be looking for? tim is with us. it will be a busy season, leave it on has set the benchmark --louis vuitton has set the benchmark high for luxury. will it be as splendid as that? tim: the quick answer is no. [laughter] it will be a tricky earnings period, in that you will see upwards of 5% revenue growth for those companies that are reporting topline figures for the q1 period. a lot of that will be banking driven with positive net interest margin driving revenue on the heels of higher interest rates. but you also will see, we think, a decline in overall earnings of a percent or two. that goes back to energy, which will give tough comparisons with energy prices having come down a lot from this time last year. than

tom: the ceo of unilever, alan jope, speaking to lizzy burden earlier on the resilience within the consumer markets. raising their forecast around sales, it was a big beat, all business groups growing ahead of expectations, inflation still boosting prices. user numbers beat. we will date into the earnings next. this is bloomberg. ♪ >> historically from the last fed rate hike to recession it has averaged 13 months. the last rate hike will be by may, by november or december you will be to recession. midway to a session, the fed starts cutting rates, that is how we get you something like september. tom: jp morgan speaking on where rates are heading. we have jobs data out of the u.s. later today. let's bring back eleanor taylor jolidon, cohead of swiss and global equity at ubp. you touched on your views around the fed. you are saying they are going to pause, you don't see a cut later this year? do you put more money to play on a pause or do you cut risk? eleanor: if we see a pause, we would continue with the investment strategy we have had since the beginning of this year. that has been part of